Paypal’s Braintree Completes Beta Integration With Coinbase

Paypal owned payment platform Braintree revealed yesterday that its initial integration with bitcoin wallet and exchange leader Coinbase was complete and that it was opening beta access to permit merchants in the US to accept bitcoin.

In the Fall of 2014, Braintree announced its partnership with Coinbase, a bitcoin payment processor with 2.2 million consumer wallets and 38,000 merchants globally, to enable its merchants to accept bitcoin.

Braintree General Manager of Mobile, Aunkur Arya noted,

Bitcoin is growing in popularity for consumer and merchants alike. Businesses like, Expedia and Dell currently accept bitcoin as a form of payment, and the number of companies both small and large working to enable bitcoin acceptance is on the rise. We’ve partnered with Coinbase to make it easy and secure for merchants to accept bitcoin and for consumers to pay via bitcoin.

In addition to bitcoin, Braintree’s open platform enables merchants to accept credit and debit cards, PayPal, Venmo, and Apple Pay.

Ebay acquired Braintree in September 2013 for $800 million in cash.